TradingShot

DOW JONES The opportunity to buy again is NOW

We have been following this Triangle pattern on Dow Jones (DJI) trading within what we called the 'High Volatility region' since last year, with are last buy signal given 1 week ago:


The 33400 target was reached and yesterday's rejection on the 4H MA200 (orange trend-line) is providing us with a new opportunity to buy. We have a confirmed Triple Bottom ranging from November 09 2022 and today's low makes a Higher Lows sequence similar to what followed after the December 20 2022 Low on the 32480 Support. Even the 4H CCI is on the exact same levels as December.

Target 1 is again 33400 and Target 2 is 34350 assuming the index breaks and closes a 1D candle above the Pivot Zone and then re-tests it successfully as a Support.

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